Archive for March, 2016

“We’re Going To War” – Oliver Stone Fears The Dangerous Extremism Of Neocon Hillary Clinton

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

Submitted by Mike Krieger via Liberty Blitzkrieg blog,

When fear becomes collective, when anger becomes collective, it’s extremely dangerous. It is overwhelming… The mass media and the military-industrial complex create a prison for us, so we continue to think, see, and act in the same way… We need the courage to express ourselves even when the majority is going in the opposite direction… because a change of direction can happen only when there is a collective awakening… Therefore, it is very important to say, ‘I am here!’ to those who share the same kind of insight.

— Thich Nhat Hanh, Buddhist Monk, The Art of Power

Oliver Stone has penned a powerful and emotional takedown of Hillary Clinton, focusing on her insane neocon foreign policy chops in a piece published in the Huffington Post titled, Why I’m for Bernie Sanders.

What follows are just a few paragraphs, I suggest reading the entire thing:

We’re going to war — either hybrid in nature to break the Russian state back to its 1990s subordination, or a hot war (which will destroy our country). Our citizens should know this, but they don’t because our media is dumbed down in its “Pravda”-like support for our “respectable,” highly aggressive government. We are being led, as C. Wright Mills said in the 1950s, by a government full of “crackpot realists: in the name of realism they’ve constructed a paranoid reality all their own.” Our media has credited Hillary Clinton with wonderful foreign policy experience, unlike Trump, without really noting the results of her power-mongering. She’s comparable to Bill Clinton’s choice of Cold War crackpot Madeleine Albright as one of the worst Secretary of States we’ve had since … Condi Rice? Albright boasted, “If we have to use force it is because we are America; we are the indispensable nation. We stand tall and we see further than other countries into the future.”

Hillary’s record includes supporting the barbaric “contras” against the Nicaraguan people in the 1980s, supporting the NATO bombing of the former Yugoslavia, supporting the ongoing Bush-Iraq War, the ongoing Afghan mess, and as Secretary of State the destruction of the secular state of Libya, the military coup in Honduras, and the present attempt at “regime change” in Syria. Every one of these situations has resulted in


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Visualizing The Automation Potential Of U.S. Jobs (Fast-Food Workers & Truckers Beware)

Courtesy of ZeroHedge. View original post here.

We noted last week that 1.3 million industrial robots would be installed between 2015 and 2018, and this would more than double the stock of active robots around the world.

While many of those robots will be used in the automotive and electronics sectors, VisualCapitalist's Jeff Desjardins notes that there are many other roles that robots will be filling in the future. Surprisingly, according to global consultant McKinsey & Co, not all of these jobs are low-skill, low-wage jobs, either.

Mckinsey ran a comprehensive study of nearly 800 different jobs in the United States, ranging from CEOs to fast food workers. Between these roles, they found 2,000 individual work activities, and assessed them against 18 different capabilities that could potentially be automated. In their analysis, they found that 45% of work activities representing $2 trillion in wages can already by automated based on proven technology that currently exists. A further 13% of work activities in the U.S. economy could be automated if the technologies used to understand and process human language were brought up to the median human level of competence.

(click image for fully interactive version)

WHO’S IN, WHO’S OUT?

The interactive visualization above charts specific careers on their automation potential (out of 100%) along with the hourly average wage of the job.

What is most interesting about the analysis is that automation potential doesn’t correlate with low-skill, low-wage jobs as much as one may think. While it’s true that the three million fast food workers across the country have an automation potential of 74%, and that heavy truck driving activities can be 69% automated, there are also great counter-examples: for example, only 7% of manual labor and 22% of janitorial activities could be automated.

Likewise, high-paying jobs are not necessarily robot-proof.

Doctors (23%), nurses (29%), and even CEOs (25%) all have significant amounts of their jobs that can be automated with current technology. Almost half (47%) of what pharmacists do can be done by a robo-pharmacist, and 72% of commercial pilot activities can be done through computers.

Not interested in having a robot fill your shoes? Mckinsey notes at the end of their analysis that both creativity and sensing emotion are extremely difficult to automate. Focus on building skills and competencies in these categories, and you’ll be just fine (for now, at least).

[Picture: WorldHeadway.com]





The Rebellion Will Not Go Away

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

Authored by Gaius Publius via DownWithTyranny.com,

The Sanders- and Trump-led (for now) political rebellion is not going to go away. There are only two questions going forward:

  • Will it remain a political rebellion, one that expresses itself through the electoral process, or will it abandon the electoral process as useless after 2016? 
  • Will it be led by humanitarian populism from the left, or authoritarian populism from the right?

Why is this rebellion permanent, at least until conditions improve? Because life in the U.S. is getting worse in a way that can be felt by a critical mass of people, by enough people to disrupt the Establishment machine with their anger. And because that worsening is seen to be permanent.

Bottom line, people are reaching the breaking point, and we’re watching that play out in the 2016 electoral race.

Yes, It Is a Rebellion

There’s no other way to see the Sanders and Trump surges except as a popular rebellion, a rebellion of the people against their “leaders.” If one of them, Sanders or Trump, is on the ballot in November running against an Establishment alternative, Sanders or Trump, the anti-Establishment candidate, will win. That candidate will cannibalize votes from the Establishment side.

That is, Sanders will attract a non-zero percentage of Trump-supporting voters if Cruz or Paul Ryan runs against him, and he will win. By the same token, Trump will attract a non-zero percentage Sanders-supporting voters (or they will stand down) if Clinton runs against him, and she will lose to him.

(In fact, we have a good early indication of what percentage of Sanders supporters Clinton will lose20% of Sanders primary voters say they will sit out the general election if Clinton is the candidate, and 9% say they will vote for Trump over Clinton. By this measure, Clinton loses 30% of the votes that went to Sanders in the primary election.)

If they run against each other, Sanders and Trump, Sanders will win. You don’t have to take my word for it (or the word of any number of other writers). You can click here and see what almost every head-to-head poll says. As I look at it today, the average of…
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US Justice Department Warns of “Lethal Cyber Jihad Attacks”; Time’s a Wastin’!

Courtesy of Mish.

The US assistant attorney general warns “You need to prepare” because Islamist extremists are “drawing closer to launching lethal cyber jihad attacks on the US.

The FBI and department of Homeland Security are also in on the warning.

James Comey, the FBI director, last year warned about terrorists using “destructive malware” while a Homeland Security department official said in October that Isis had launched unsuccessful attacks on the electricity grid.

Mercy! What can we do?

I have a suggestion, otherwise I would not have asked. First, let’s consider the report.

The Financial Times discloses US Warned Over ‘Cyber Jihad’ Attacks.

A top Department of Justice official warned on Thursday that Islamist extremists were drawing closer to launching lethal “cyber jihad” attacks on the US.

“You need to prepare because it’s going to come here,” John Carlin, assistant attorney-general for national security, told a conference in Washington, little more than a week after the Brussels bombings. “We’re watching as they actively try to acquire the capability to match their intent.”

James Comey, the FBI director, last year warned about terrorists using “destructive malware” while a Homeland Security department official said in October that Isis had launched unsuccessful attacks on the electricity grid.

Terrorists currently lack the ability to launch sophisticated electronic offensives but such skills are available in the shadowy precincts of the internet. Mr Carlin suggested that Isis could hire criminals like those who last month paralysed the computer network at Hollywood Presbyterian Medical Center in Los Angeles, which paid a $17,000 ransom to regain access to its electronic files. Instead of demanding cash, Isis would try to cause patient deaths by freezing treatment records.

Mr Carlin, who earlier on Thursday met Loretta Lynch, the US attorney-general, and Jan Jambon, Belgium’s interior minister, to discuss counterterror co-operation, said groups such as Isis and al-Qaeda could not be deterred. “There’s not going to be any dollar amount you can pay,” he said. “We’re in a race against time.”

Time’s a Wastin’!

This race against time is precisely why I was wrong in my assessment earlier today about the “Need for Smaller, More Flexible Nukes“.


Continue reading here…





Did Trump Just Commit A Major Error: Why Renouncing Republican Pledge Could Cost Him 50 Delegates

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

As of this moment, Donald Trump has 736 delegates and is (mostly) smoothly sailing to the nomination with Ted Cruz almost 273 behind him at 463. However, there is suddenly an all too real chance that 273 lead can melt to as little as 173 with Trump’s delegate count dropping by 50 as a result of what happened during this week’s CNN townhall meeting when as previously reported, Trump reneged on his pledge to support the GOP candidate. The reason is that by doing so, he may have jeopardized his hold on South Carolina’s 50 delegates.

As Time reports, the Palmetto State was one of several that required candidates to pledge their loyalty to the party’s eventual nominee in order to secure a slot on the primary ballot. Though Trump won all of the state’s 50 delegates in the Feb. 20 primary, anti-Trump forces are plotting to contest their binding to Trump because of his threat on the pledge Tuesday.

The loyalty pledge is nothing new in South Carolina, where it has been required for decades, but took on new focus in light of Trump’s public musings about a third party run or withdrawing his support from the eventual nominee if he is stopped at a contested convention.

As a reminder, when asked about if he still would pledge to support the eventual Republican nominee during a town hall Tuesday with CNN’s Anderson Cooper, Trump said “No. I don’t anymore,” adding that he has been “treated very unfairly.”

As Time adds, while Trump has been hiring staff to ensure he hangs on to delegates in what could be a messy convention fight, the latest threat appears to be an error on his part.

South Carolina Republican Party Chairman Matt Moore gave credence to the anti-Trump claims: “Breaking South Carolina’s presidential primary ballot pledge raises some unanswered legal questions that no one person can answer,” he told Time. “However, a court or national convention Committee on Contests could resolve them. It could put delegates in jeopardy.”

More from Time:

When Trump filed for the ballot in South Carolina he signed a pledge stating to “hereby affirm that I generally believe in and intend to support the nominees and platform of the Republican Party


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AsiaPac Data Deluge: China Good, South Korea Bad, Japan Ugly

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

An avalanche of data from AsiaPac tonighht was a very mixed bag…

South Korean trade data continued to shrink:

  • *SOUTH KOREA MARCH EXPORTS FALL 8.2% Y/Y
  • *SOUTH KOREA MARCH IMPORTS FALL 13.8% Y/Y

And deflation is wahing ashorer…

  • *SOUTH KOREA MARCH CONSUMER PRICES FALL 0.3% M/M

*  *  *

Japanese data was a disastrophe…Every single aspect of the Tankan survey missed expectations – from Large manufacturing business outlooks to small service business current conditions…

But Finance Minister Aso had some helpful things to say…

  • *ASO: CAN SEE SOME WEAKNESS IN ECONOMIC SENTIMENT IN TANKAN (umm, yeah!)
  • *ASO: OVER LONGER TERM, AM VERY COMFORTABLE REGARDING ECONOMY (oh ok then, we won’t worry)

So rest easy my friends, Japan is safe to take leveraged long bets on for one more day. Oh one more thing, that whole NIRP, low rates, encourage lending, transmission mechanism thing… FUBAR!!

FinMin Aso had some comments on that too..

  • *ASO: BANKS HAVE MONEY, DON’T HAVE ANYONE TO LEND IT TO

So the entire Keynesian model just hit the endgame of debt saturation? That explains why he said this….

  • *ASO: MONETARY EASING, FISCAL STIMULUS HAVE LIMITS

Which directly contradicts Kuroda who just yesterday said…

  • *KURODA: DON’T THINK THERE IS LIMIT FOR BOJ EASING NOW

So Limits or No Limits? Who cares – just buy moar stuff.

*  *  *

And then came China…

Cheers were heard from around the world as China’s Services PMI jumped off 7 year lows (from 52.7 to 53.8), however this is still below January’s levels – not exactly an exuberant bounce after a trillion of fresh credit injections…

  • *CHINA NON-MANUFACTURING PMI AT 53.8 IN MARCH

And then Manufacturing hit with a big bounce back into expansion…

  • *CHINA MANUFACTURING PMI AT 50.2 IN MARCH

This is a major problem for Janet, because if China is back in recovery, then The Fed no longer has to worry about China’s economy when deciding on the next rate hike.

Of course what all this means is that Caixin’s China PMI (due in 30 minutes) will be a miss to baffle everyone with bullshit.

The reaction is “buying” of course…

But China hates it…

And just as predicted…

  • *CHINA MARCH


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2016: The End Of The Global Debt Super Cycle

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

Submitted by Etai Friedman via Palisade-Research.com,

After the stock market crash of 1987, The Federal Reserve embarked on a path that led to the biggest debt bubble in the history of the world. The day after the 1987 crash (Oct. 20, 1987) Alan Greenspan, Chairman of the Fed, announced to the world that The Fed stood ready to provide whatever liquidity was needed by the banking system to prevent the crash from turning into a systemic financial crisis. That was the day the Fed “put” was born.

 

A put is an option that allows its owner to sell a specified amount of a particular asset at a predetermined price by a specific date. As an example, if an investor had a February 90 put on Apple’s stock that investor would have the right to sell 100 shares at 90 a share until the third Friday in February when the option expired. An investor would only exercise that put if Apple’s stock price dropped below 90 a share before expiration. As it stands Apple’s stock price is 94.02 as of Friday’s close so no rational investor would exercise that put. But if on Monday Apple’s stock crashed and was trading 60 a share than the investor would exercise his put and gladly sell his stock at 90 a share to the person who sold him the put. So in effect after 1987 The Fed was acting as a giant put for the financial markets, a role it had heretofore not played.

In September of 1998 Long Term Capital Management, a highly leveraged high profile hedge fund, sustained losses that threatened its solvency. The fund with a few billion in equity had $80 billion in assets and all of its trades were going against the firm. LTCM’s equity was going to be wiped out within days. Warren Buffet and a consortium of investors offered to bail out the fund by paying fire sale prices for the assets and shutting down the fund. LTCM’s management balked and looked to The Fed for a better solution. The Fed engineered a bailout by numerous banks that left LTCM’s management in place with some of their wealth to spare. Once again, The Fed intervened in a market calamity and this time bailed out an extremely reckless hedge fund…
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Hong Kong Retail Sales Crash Most Since 1999 As Stocks Soar 14%

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

The last few weeks have seen Hong Kong’s Hang Seng index surge over 14% which – if one believes the mainstream media – must mean renewed confidence in world economic growth and that everything is awesome. However, that narrative just got destroyed as Hong Kong retail sales in February just crashed by the most since 1999 as fewer Chinese tourists visited the city during the Lunar New Year holiday and as one analyst warned, sales will “continue to fall for the rest of 2016 as all the negative factors won’t be solved in the near term.”

As Bloomberg details, retail sales dropped 21 percent in February to HK$37 billion ($4.8 billion) year on year, according to a statement from Hong Kong’s statistics department. Combining January and February, sales fell 14 percent.

The monthly decline is the worst since January 1999 when sales were also down 21 percent.

“Apart from the severe drag from the protracted slowdown in inbound tourism, the asset market consolidation might also have weighed on local consumption sentiment,” a government said in a statement on Thursday. “The near-term outlook for retail sales will still be constrained by the weak inbound tourism performance and uncertain economic prospects.”

Chow Tai Fook Jewellery Group Ltd., the world’s largest-listed jewelry chain, and Sa Sa International Holdings Ltd. reported slumping sales over the holiday when mainland Chinese tourists to the territory dropped 12 percent during Feb. 7-13. The stock market rout and a slowing Chinese economy have affected consumer sentiment for luxury goods, Chow Tai Fook has said.

Sales of jewellery, watches and clocks, and valuable gifts dropped 24 percent, while those of electrical goods and photographic equipment plunged 27 percent, according to Thursday’s statement.

The government will monitor closely its repercussions on the wider economy and job market, it said,  but as Bloomberg adds,

Mainland China tourists “are unlikely to come back in the short term,” said Forrest Chan, an analyst at CCB International Securities Ltd. Hong Kong residents are also consuming less due to stagnant property values and the weak stock market, he said.

“Hong Kong’s retail market will continue to fall for the rest of 2016 as all the negative factors won’t be solved in the near term,” Chan said in a telephone interview.





The Wisdom of Twitter Crowds: Tweet based asset-allocation strategy outperforms several benchmarks

By Jacob Wolinsky. Originally published at ValueWalk.

Interesting study and finding from Andrew Lo re Twitter and FOMC

The Wisdom of Twitter Crowds: Predicting Stock Market Reactions to FOMC Meetings via Twitter Feeds

Pablo D. Azar is a PhD student in the Department of Economics and Laboratory for Financial Engineering, Sloan School of Management, MIT. Email: pazar@mit.edu

Andrew W. Lo is Charles E. and Susan T. Harris Professor and the Director of the Laboratory for Financial Engineering, Sloan School of Management, MIT. Email: alo-admin@mit.edu \Abstract With the rise of social media, investors have a new tool to measure sentiment in real time. However, the nature of these sources of data raises serious questions about its quality. Since anyone on social media can participate in a conversation about markets—whether they are informed or not—it is possible that this data may have very little information about future asset prices. In this paper, we show that this is not the case by analyzing a recurring event that has a high impact on asset prices: Federal Open Market Committee (FOMC) meetings. We exploit a new dataset of tweets referencing the Federal Reserve and show that the content of tweets can be used to predict future returns, even after controlling for common asset pricing factors. To gauge the economic magnitude of these predictions, the authors construct a simple hypothetical trading strategy based on this data. They find that a tweet based asset-allocation strategy outperforms several benchmarks, including a strategy that buys and holds a market index as well as a comparable dynamic asset allocation strategy that does not use Twitter information.

Investor sentiment has frequently been considered an important factor in determining asset prices. Traditionally, sentiment is measured by observing analyst estimates, survey data, news stories, and technical indicators such as put/call ratios and relative strength indicators. Two drawbacks of these indicators are that they are based on a relatively sparse subset of the population of investors and, except for technical indicators, are not measured in real time. The rise of social media allows us to overcome these drawbacks and measure the sentiment of a large number of individuals in real time. These data sources give the quantitative investor a new tool with which to construct portfolios and manage risk. However, because social media data is generated by individual users and not investment professionals, the following questions arise about the quality of this…
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Worst Case Scenario: 73% Down From Here

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

Submitted by Jim Quinn via The Burning Platform blog,

As the stock market gyrates higher and lower in a fairly narrow range, the spokesmodels and talking heads on CNBC breathlessly regurgitate the standard bullish mantra designed to keep the muppets in the market. They are employees of a massive corporation whose bottom line and stock price depend upon advertising revenues reaped from Wall Street and K Street. They aren’t journalists. They are propagandists disguised as journalists. Their job is to keep you confused, misinformed, and ignorant of the true facts.

Based on the never ending happy talk and buy now gibberish spouted by the pundit lackeys, you would think we are experiencing a bull market of epic proportions and anyone who hasn’t been in the market has missed out on tremendous gains. There’s one little problem with that bit of propaganda. It’s completely false. The Fed turned off the QE spigot at the end of October 2014 and the market has gone nowhere ever since.

QE1 began in September 2008, taking the Fed balance sheet from $900 billion to $2.3 trillion by June 2010. This helped halt the stock market crash and drove the S&P 500 up by 50% from its March 2009 lows. QE2 was implemented in November 2010 and increased the Fed balance sheet to $2.9 trillion by the end of 2011. This resulted in an unacceptable 10% increase in the S&P 500, so the Fed cranked up their printing presses to hyper-speed and launched the mother of all quantitative easings, with QE3 pushing their balance sheet to $4.5 trillion by October 2014, when they ceased their “Save a Wall Street Banker” campaign.

As Main Street dies, Wall Street has been paved in gold.

The S&P 500 soared to all-time highs, with 40% gains from the September 2012 QE3 launch until its cessation in October 2014. Like a heroine addict, Wall Street has experienced withdrawal symptoms ever since, and begs for more monetary easing injections. Yellen and her gang of central bank drug dealers keep the patient from dying by continuing doses of ZIRP and psychologically comforting dialogue designed to cheer up Wall Street bankers.

QE3 ended 17 months ago and shockingly the S&P 500 is exactly where it was 17 months ago. How many bull markets go flat
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Zero Hedge

Visualizing The 150 Apps That Power The Gig Economy

Courtesy of ZeroHedge. View original post here.

Go back in time a decade, and you’d have a tough time convincing anyone that they would be “employed” through an app on their phone.

And yet, as Visual Capitalist's Jeff Desjardins explains, in a short period of time, the emergence of the smartphone has enabled the gig economy to flourish into a multi-trillion dollar global market. And by leveraging apps like Uber, Airbnb, and Etsy, it’s estimated that ...



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Phil's Favorites

What's going on with Blue Apron?

By Ilene 

The Blue Apron business model appears, perhaps, flawed. While the service is convenient, I think it would appeal mostly to very busy people who don't have time to shop for food -- but enjoy cooking -- and have enough money that the trade off between paying for food delivery vs. spending time shopping is worth it. Here's the unfortunate stock chart and some numbers from Yahoo:

The company has been losing money, and is projected to lose money again next year. Revenue is projected to decrease in 2019 from the 2018 level, but pick up again in 2020, though still below 2018's revenue. Maybe a larger company that could integrate APRN's services into its existing infrastructure should acquire APRN and save it from its apparent...



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Chart School

Palladium minor cycle bottom

Courtesy of Read the Ticker.

Once again RealVision TV posts another trade idea, long palladium. We shall review it with our RTT cycle tools and parallel channels.







Any trader will be concerned with the supply shock at $1800 which pushed down price quickly. Profit taking maybe, sure! The question, is there more supply out (or more profit taking) there ready to dump on the market, either now or after any minor advance. This why waiting for the 'C' wave of the A-B-C to form over some more time is a good idea, and once done, we want to see solid buying moving price up before acting, after all we do not want to be early or a lonely bull (Richard Wyckoff logic). 

The parallel channel highl...

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Digital Currencies

Cryptocurrencies are finally going mainstream - the battle is on to bring them under global control

 

Cryptocurrencies are finally going mainstream – the battle is on to bring them under global control

The high seas are getting lower. dianemeise

Courtesy of Iwa Salami, University of East London

The 21st-century revolutionaries who have dominated cryptocurrencies are having to move over. Mainstream financial institutions are adopting these assets and the blockchain technology that enables them, in what ...



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Kimble Charting Solutions

Banks Sending Bearish Message To Stocks, Says Joe Friday

Courtesy of Chris Kimble.

Quality bull markets prefer to see Banks stronger than the broad markets or at least keeping up with it. Concerns often crop up when banks reflect relative weakness compared to the S&P.

This chart looks at the Bank Index (BKX) over the past few years, reflecting a falling channel of lower highs and lower lows has taken place inside of falling channel (1). This falling channel has now been in play for the past 15-months.

The index hit the bottom of the channel in December of 2018 and a counter-trend rally took place. The rally off the December lows saw the index hit the top...



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Insider Scoop

Analyst: US Sanctions 'May Not Kill Huawei'

Courtesy of Benzinga.

President Donald Trump signed an executive order Wednesday that limits how "foreign adversaries" conduct business with U.S. companies.

What Happened

The Department of Commerce said China's Huawei and 70 related companies will be included in the "Entity ...



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Biotech

DNA as you've never seen it before, thanks to a new nanotechnology imaging method

Reminder: We are available to chat with Members, comments are found below each post.

 

DNA as you've never seen it before, thanks to a new nanotechnology imaging method

A map of DNA with the double helix colored blue, the landmarks in green, and the start points for copying the molecule in red. David Gilbert/Kyle Klein, CC BY-ND

Courtesy of David M. Gilbert, Florida State University

...



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ValueWalk

More Examples Of "Typical Tesla "wise-guy scamminess"

By Jacob Wolinsky. Originally published at ValueWalk.

Stanphyl Capital’s letter to investors for the month of March 2019.

rawpixel / Pixabay

Friends and Fellow Investors:

For March 2019 the fund was up approximately 5.5% net of all fees and expenses. By way of comparison, the S&P 500 was up approximately 1.9% while the Russell 2000 was down approximately 2.1%. Year-to-date 2019 the fund is up approximately 12.8% while the S&P 500 is up approximately 13.6% and the ...



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Members' Corner

Despacito - How to Make Money the Old-Fashioned Way - SLOWLY!

Are you ready to retire?  

For most people, the purpose of investing is to build up enough wealth to allow you to retire.  In general, that's usually enough money to reliably generate a year's worth of your average income, each year into your retirement so that that, plus you Social Security, should be enough to pay your bills without having to draw down on your principle.

Unfortunately, as the last decade has shown us, we can't count on bonds to pay us more than 3% and the average return from the stock market over the past 20 years has been erratic - to say the least - with 4 negative years (2000, 2001, 2002 and 2008) and 14 positives, though mostly in the 10% range on the positives.  A string of losses like we had from 2000-02 could easily wipe out a decades worth of gains.

Still, the stock market has been better over the last 10 (7%) an...



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Mapping The Market

It's Not Capitalism, it's Crony Capitalism

A good start from :

It's Not Capitalism, it's Crony Capitalism

Excerpt:

The threat to America is this: we have abandoned our core philosophy. Our first principle of this nation as a meritocracy, a free-market economy, where competition drives economic decision-making. In its place, we have allowed a malignancy to fester, a virulent pus-filled bastardized form of economics so corrosive in nature, so dangerously pestilent, that it presents an extinction-level threat to America – both the actual nation and the “idea” of America.

This all-encompassing mutant corruption saps men’s souls, crushes opportunities, and destroys economic mobility. Its a Smash & Grab system of ill-gotten re...



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OpTrader

Swing trading portfolio - week of September 11th, 2017

Reminder: OpTrader is available to chat with Members, comments are found below each post.

 

This post is for all our live virtual trade ideas and daily comments. Please click on "comments" below to follow our live discussion. All of our current  trades are listed in the spreadsheet below, with entry price (1/2 in and All in), and exit prices (1/3 out, 2/3 out, and All out).

We also indicate our stop, which is most of the time the "5 day moving average". All trades, unless indicated, are front-month ATM options. 

Please feel free to participate in the discussion and ask any questions you might have about this virtual portfolio, by clicking on the "comments" link right below.

To learn more about the swing trading virtual portfolio (strategy, performance, FAQ, etc.), please click here ...



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Promotions

Free eBook - "My Top Strategies for 2017"

 

 

Here's a free ebook for you to check out! 

Phil has a chapter in a newly-released eBook that we think you’ll enjoy.

In My Top Strategies for 2017, Phil's chapter is Secret Santa’s Inflation Hedges for 2017.

This chapter isn’t about risk or leverage. Phil present a few smart, practical ideas you can use as a hedge against inflation as well as hedging strategies designed to assist you in staying ahead of the markets.

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About Phil:

Philip R. Davis is a founder Phil's Stock World, a stock and options trading site that teaches the art of options trading to newcomers and devises advanced strategies for expert traders...

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Ilene is editor and affiliate program coordinator for PSW. She manages the site market shadows, archives, more. Contact Ilene to learn about our affiliate and content sharing programs.

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